Amazon.com Inc.’s fourth-quarter sales hit record numbers, and the company’s profits beat estimates, as shipping costs for its one-day Prime program began to stabilize.
Amazon shares jumped 12% to $2,088 in after-hours trading, adding more than $100 billion to the company’s market value. Should the stock close at these levels Friday, Amazon would be the fourth U.S. company with a market cap above $1 trillion.
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Amazon Scoops Up More Warehouse Space on Staten IslandAmazon.com is expanding its warehouse operations in Staten Island as the online retail giant pushes to speed delivery to its New York-area consumers. May I ask wht all the rush abt? Yes, it is very nice receiving order almost immediately, but is it really necessary? It won't last u know. Corrugated cardboard is piling up across the globe bc cement & mortar stores r few. Recycling isn't' working; thr's just too much cardboard. I guess sometimes you can overlook the need for a $5 billion subsidy when you pay zero taxes. That has to help. Was this cleared by AOC?
Source: WSJ - 🏆 98. / 63 Read more »
Cubcoats Just Launched the Cutest 'Paw Patrol' Collection — and You Can Shop It on AmazonWe’ll take one of each!
Source: people - 🏆 712. / 51 Read more »
Amazon and Deliveroo argue that UK competition probe is 'speculative'Both firms say the CMA's probe into Amazon's minority stake in Deliveroo fails to provide evidence of existing competition between them. Sounds about right, you got to speculate the impact of monopolies before they happen, or else they become a monopoly... you know, that thing they are trying to stop!
Source: CNBC - 🏆 12. / 72 Read more »
Arnault Takes Shot at Amazon — and Others — Over FakesFresh off another year of record sales, LVMH chief Bernard Arnault could deal a blow to Amazon’s luxury ambitions.
Source: wwd - 🏆 24. / 68 Read more »
A Pair of These Anti-Chafing Thigh Bands Sells Every 5 Minutes on AmazonLet’s face it — thigh chafing sucks. But these anti-chafing thigh bands can fix your problems (and you can order them on Amazon!). Mucho mejor el Spray 'antirozaduras' de Oriflame... Lo mismo sirve para llevar zapatos nuevos que para la cara interna de los muslitos, y todo aquello que roce... 🥴
Source: InStyle - 🏆 103. / 63 Read more »
MacKenzie Bezos Unloaded About $350 Million Worth Of Her Amazon SharesMacKenzie Bezos sold about $350 million worth of her Amazon shares—the first sale since her divorce:
Source: ForbesWomen - 🏆 477. / 51 Read more »